Think of it as a factory, or an SBU. The advantage over a physical factory is that our investment can be retrieved with very short notice; hence short-term (Working Capital) funds can be used to fund such activities. This would be a factory without any labor costs, any strikes and lockouts, no big Accounts and …
A Factory Called The Euro : The Logic of Carry Trades Read More »
Warren Buffet said “Buy the business, not the stock”, to which Charlie Munger added the tailpiece “The best time to sell a stock is never”. For ordinary savers and investors, it raised a dilemma: how do I know that I have taken the right decision and that the stock/ business I have bought is going …
One of the words in this topic is superfluous, and I think it is ‘sport’. The ‘spirit of the Olympics’ defined sport as ‘war by peaceful means, simply a peaceful simulation of all the principles of competition. If war is defined as ‘all kinds of competition’, and business is defined as ‘one kind of competition …
War & Sport Vs. Politics, Business & Markets : Drawing Parallels for Survival Strategies Read More »
It has been reasonably argued that income inequality is the biggest spur to entrepreneurship and innovation. 1% of the world’s population owns 40% of its wealth. That, on a base of 6.5 billion, refers to 65 million people. The proportion of national wealth owned by the top 1% varies and is measured by the Gini …
The Shape Of The Pyramid : Why Income Inequality Happens & Its Consequences Read More »
Saudi Arabia has set up a Desalination project producing 800 cu km of water per day. This came for $3.4 bn, and its 28 Desalination plants use the oil energy equivalent of 1.5 mn bpd. 50% of the cost of the water is the cost of energy, another 35% would be the cost of capital. …
Problems of Plenty : The Challenges Before Reliance Read More »
Mr. Lee Kuan Yew found it first. If you punish your citizens for spitting or littering, you get better citizens and you need fewer municipal workers. This a spectacular case of a Govt investing in the behavior of its people. A generation before me, rich people in India would go to see how clean Singapore …
The (Idea Of) Investing In Behavioural Infrastructure : Or, How Ecosystems Create Value Read More »
Beta Maps: This time we will discuss an important principle of trading called Beta (migration). The theory around Beta Maps goes like this. ‘The Market forgets, and the Market gets obsessed….’. In any Index, there is always one part that is ‘under-performing’, i.e. it is being ‘forgotten’. And there is another stock at the other …
So the monsoon is going to be normal, says the Met Deptt. For the moment, we will believe them (perhaps because we want to) and heave a sigh of relief. However, this only means that my yearly dread (which starts around April) of a disastrous monsoon that is 50-60% deficient, is now pushed back by …
Eat What You Can :The Potential Risk From Food Inflation Read More »
In India, based on sampling studies on diabetes, some 32% of any tested sample drawn randomly from an Indian ethnicity will turn out to be properly diabetic (defined as having average daily blood sugar >125, and HbA1c>6.5). The rest of us THINK that we don’t have this disease, but we’re just still in the yellow …
A generation has prospered from the wholesale transfer of risk through securitization. Now it is paying the price“THE medium-term outlook for the company is very positive,” declared Northern Rock’s chief executive, Adam Applegarth, unveiling its first-half results in July. He spoke of a credit book that was “robust”. Who would have guessed that Britain’s fifth-largest …
As a participant in the Dr Mentoring Program (DMP) four years ago, I can say with confidence that the program has been instrumental in shaping my approach towards managing operating cash flow and developing strategies for becoming a successful doctor entrepreneur.
Under the guidance of Mr. Sanjeev Pandiya, a seasoned ex-CFO of many listed companies like SRF, Jindal Steel, and Haulonix, the program provided us with invaluable insights into the financial aspects of running a medical practice. From understanding the basics of accounting and financial statements to learning about cash flow management, the program covered all the essential concepts required to successfully run a medical practice.
Moreover, Mr. Pandiya’s expertise and guidance helped us develop a strategic mindset to approach our profession as entrepreneurs. We were taught how to think outside the box and innovate to create unique offerings and build a brand that sets us apart from the competition.
Overall, I can confidently say that the DMP has had a profound impact on my professional growth as a doctor entrepreneur. The program’s emphasis on financial management and strategic thinking has equipped me with the tools to build a successful and sustainable medical practice. I would highly recommend this program to any doctor looking to enhance their entrepreneurial skills and take their practice to the next level.
Regards,
Dr Yatin Shinde
Indapur
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